2024-05-05 13:16:21 ET
Summary
- OpenText is a Canadian company that develops information management software for the enterprise market.
- Recent performance has been volatile, driven by recent selloffs after Q3 earnings call as Open Text projects lower revenue guidance in FY 2025 due to major divestiture.
- Nonetheless, Open Text's strong focus on reducing debt and increasing shareholder returns through buybacks and dividend increase could drive upside.
Open Text ( OTEX ) is a Canadian company developing information management software for the enterprise market....
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Open Text: Decent Cash-Generating business With Temporary Headwinds